Simple Customer Ledger of Accounts is simplifying the data entry of accounts receivable (Debit), payments (Credit), and any other miscellaneous adjustments (Debit/Credit) which task is necessary for any company hoping to do effective business. The line items on the account will record information about purchases made by the customer, any payments rendered by the customer, and any other miscellaneous adjustments that have been made to the current balance due on the account. Making it easier to track each customer current balance of accounts.
Statement of Account
Print Statement of Account and submit to your customer about current status of their purchases, payments and other adjustments. The statement will also show the total balance on account.
Aging of Accounts
To minimize cash flow problems and potential losses from customers who are unable to pay, you can routinely prepare an aging of accounts receivable. The aging report will list each customer's outstanding balance and will then sort the total amount into columns such as: 1-30 days past due, 31-60 days past due, 61-90 days past due, 91-120 days past due, and 120+ days past due. The aging of accounts receivable allows managers to quickly see which customers are behind in meeting the agreed upon terms.